After opening sharply lower this morning, the ASX 200 spent the entire session in red territory. By the time the closing bell rang, the index had dropped 0.18% to finish at 9,053.8 points.

This miserable Wednesday for the local markets came after a similarly pessimistic night up on the American markets.

The Dow Jones Industrial Average Index (DJX: .DJI) couldn't hold water, dropping 0.22%.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) was hit far harder though, falling 1.33%.

But let's return to ASX shares now and dive into how the different ASX sectors handled today's tough trading conditions.

Winners and losers

The losers easily outnumbered the winners this Wednesday.

Leading said losers were tech stocks. The S&P/ASX 200 Information Technology Index (ASX: XIJ) had a shocker, plunging 3.15%.

Real estate investment trusts (REITs) were also hit hard, with the S&P/ASX 200 A-REIT Index (ASX: XPJ) cratering by 1.15%.

Financial shares fared a little better. The S&P/ASX 200 Financials Index (ASX: XFJ) still tanked 0.64%, though.

Consumer discretionary stocks were in a similar boat, as you can see by the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ)'s 0.58% dive.

Gold shares weren't much of a safe haven either. The All Ordinaries Gold Index (ASX: XGD) saw its value shrink 0.18%.

We could almost say the same for broader mining stocks, with the S&P/ASX 200 Materials Index (ASX: XMJ) retreating 0.04%.

Let's turn to the winners now.

Leading the team were healthcare shares. The S&P/ASX 200 Healthcare Index (ASX: XHJ) roared 2.6% higher today.

Energy stocks also ran hot, as evidenced by the S&P/ASX 200 Energy Index (ASX: XEJ)'s 0.77% surge.

Utilities shares were a little tamer. The S&P/ASX 200 Utilities Index (ASX: XUJ) jumped 0.35% this session.

Consumer staples stocks were right behind that, with the S&P/ASX 200 Consumer Staples Index (ASX: XSJ) advancing 0.31%.

Industrial shares got out unscathed this hump day. The S&P/ASX 200 Industrials Index (ASX: XNJ) ended up lifting 0.05%.

Finally, communications stocks notched a dodge, illustrated by the S&P/ASX 200 Communication Services Index (ASX: XTJ)'s 0.04% bump.

Top 10 ASX 200 shares countdown

It was REIT Stockland Corporation Ltd (ASX: SGP) that took out today's top spot. Stockland units shot up 12.35% this Wednesday to finish at $4.55 each.

This came after the REIT reported its latest earnings, which clearly delighted the market.

Here's how the other top shares landed their planes:

Our top 10 shares countdown is a recurring end-of-day summary that shows which companies made big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

What did Fletcher Building report?

• Revenue from continuing operations rose 7.3% to $6.0 billion
• EBIT (before Significant Items) from continuing operations lifted 26% to $414 million
• Net profit after tax was $228 million, a swing from a $419 million loss in FY25
• Net cash from operating activities increased to $715 million (up from $501 million)
• Net debt reduced to $637 million, down from $999 million
• No final dividend declared for FY26

What else do investors need to know?

Fletcher Building's improved performance followed the divestment of its Construction division and other non-core operations, with proceeds used to strengthen the balance sheet. Core manufacturing divisions delivered resilient results in a challenging market, supported by strong cost and capital discipline.

Despite the profit rebound, returns on invested capital remain below company targets. The group's dividend policy will be reviewed and reset once positive free cash flow is being generated and net debt is within target levels. Management highlighted safety improvements, continued investment in leadership, and progress on sustainability goals.

What did Fletcher Building management say?

Managing Director & CEO Andrew Reding said:

Fletcher Building is significantly more resilient than it was twelve months ago. We have moved at pace to improve our business model, and the strategic reset we set out last year is now starting to deliver tangible results. Our portfolio has been simplified with the divestment of the Construction division and other non-core operating units, and we used the proceeds to strengthen our balance sheet.

What's next for Fletcher Building?

Fletcher Building expects ongoing market uncertainty to weigh on near-term performance, particularly in the first half of FY27. While market volumes showed gradual improvement in the second half of FY26, a meaningful recovery is not expected until calendar 2027. Management says priorities remain on cost control, completing remaining legacy projects, and ensuring the group is well positioned when conditions improve.

Lower capital expenditure and a continued focus on operational efficiency are set to support further balance sheet strengthening. The dividend policy will be reset when financial targets are achieved.

Fletcher Building share price snapshot

It has been a positive 12 months for the Fletcher Building share price. During this time, the company's shares have outperformed the S&P/ASX 200 index (ASX: XJO) with a gain of 10%.

View Original Announcement

The post Fletcher Building returns to profit in FY26, EBIT up 26% appeared first on The Motley Fool Australia.

Shares in the New Zealand-based building and materials company closed on Friday trading for $3.16. In early-morning trade on Monday, shares are changing hands at $3.21 apiece, up 1.6%.

For some context, the ASX 200 is up 0.1% at this same time.

Fletcher Building shares have been on a tear since plumbing a one-year closing low of $2.26 on 28 April. Indeed, with today's intraday lift factored in, the share price is up 42% since that low, giving the ASX 200 stock a market cap north of $3.4 billion.

Here's what's catching investor interest today.

ASX 200 stock jumps on New Zealand support

Flether Building shares are outperforming today after the company announced a milestone agreement between its Golden Bay Cement business and the New Zealand government.

The ASX 200 stock reported that the government has granted up to NZ$60 million (AU$50.4 million) to support Golden Bay Cement's Northland operations.

The company noted that the one-time grant will provide certainty for Golden Bay Cement's continued domestic manufacturing capability and planned decarbonisation pathway.

Golden Bay Cement operates New Zealand's only domestic cement manufacturing facility, supplying around 60% of the country's cement.

Fletcher Building said that the agreement recognises Golden Bay Cement's role as the only domestic manufacturer of a critical building material.

As part of the agreement, Golden Bay Cement has committed to continue producing cement at its Northland plant until at least 2040. The business will also invest at least NZ$150 million through to 2040.

What did Fletcher Building management say?

Commenting on the government grant helping boost the ASX 200 stock today, Fletcher Building CEO Andrew Reding said, "Domestic cement production matters for New Zealand's resilience as much as for its economics."

Reding added:

An onshore source reduces exposure to shipping disruption, supply shocks and price volatility, an increasingly important consideration as global supply chains become more unpredictable.

Reding also addressed the higher carbon emissions costs the company faced in New Zealand compared to its international competitors.

He noted:

Without government support, increasing costs, including carbon emission costs that our competitors importing cement from overseas do not currently incur at the same level, would likely have required us to close the plant and move to an import-only model from 2030.

This agreement removes that risk, providing the certainty to keep investing in domestic manufacturing, operational resilience and lower-carbon production. It's a strong example of business and government working together in the national interest.

The post Up 42% since April, guess which $3.4 billion ASX 200 stock is charging higher again on Monday appeared first on The Motley Fool Australia.

What did Fletcher Building report?

• Golden Bay Cement to get up to $60 million in government support for its Northland plant
• Commitment to continue cement production until at least 2040
• Planned investment of at least $150 million at the Northland facility through to 2040
• Supports domestic supply of around 60% of New Zealand's cement
• Agreement aims to address the carbon cost gap versus imported cement

What else do investors need to know?

The arrangement is a one-off government response to ensure domestic cement supply and national infrastructure resilience. Without this support, rising costs—especially from carbon emissions—could have forced Golden Bay Cement to close and shift to imports by 2030.

The agreement also ensures Golden Bay Cement will keep investing in upgrades and alternative fuels, which have already reduced reliance on fossil fuels. The plant directly employs more than 150 people and underpins over 600 jobs across the Whangārei district.

What did Fletcher Building management say?

Andrew Reding, Fletcher Building Chief Executive Officer and Managing Director, said:

Domestic cement production matters for New Zealand's resilience as much as for its economics. An onshore source reduces exposure to shipping disruption, supply shocks and price volatility, an increasingly important consideration as global supply chains become more unpredictable. Golden Bay Cement directly employs more than 150 people and supports a further 450 jobs across the Whangārei district, underpinning our ability to build homes, hospitals, roads and infrastructure with locally sourced materials.

What's next for Fletcher Building?

With this funding agreement, Fletcher Building will phase in at least $150 million of investment at Golden Bay Cement's Northland plant up to 2040. The focus will be on operational resilience, modernisation, and decarbonisation, with all planned investments subject to Fletcher Building's usual approval processes.

The company's commitment secures local cement manufacturing, aiming for a lower-carbon operation compared to imports and supporting New Zealand's building sector.

Fletcher Building share price snapshot

Over the past 12 months, Fletcher Building shares have risen 13%, outperforming the S&P/ASX 200 Index (ASX: XJO), which has risen 1% over the same period.

View Original Announcement

The post Fletcher Building secures $60m for local cement production in NZ appeared first on The Motley Fool Australia.

After some initial volatility at market open this morning, the ASX 200 spent most of the session deep in red territory. A late-afternoon rally couldn't quite save the markets, and the index ended up closing 0.0045% lower at 8,840.7 points.

This sulky session for the ASX comes despite a more confident day over on the American markets last night.

The Dow Jones Industrial Average Index (DJX: .DJI) did well, rising 0.29%.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) did even better, gaining 0.62%.

But let's return to the local markets now and check out how the different ASX sectors navigated today's lethargic trading conditions.

Winners and losers

Fitting with the market's small drop, we saw a fairly even split between winners and losers this Thursday.

Leading the latter were mining shares. The S&P/ASX 200 Materials Index (ASX: XMJ) was hit hard today, cratering 1.58%.

Energy stocks had another rough one as well, with the S&P/ASX 200 Energy Index (ASX: XEJ) plunging 1.53%.

Continuing the commodities theme, gold shares came next. The All Ordinaries Gold Index (ASX: XGD) saw its value dive 0.82%.

Consumer staples stocks were on the nose too, as you can see from the S&P/ASX 200 Consumer Staples Index (ASX: XSJ)'s 0.31% dip.

Utilities shares joined the losing team, too. The S&P/ASX 200 Utilities Index (ASX: XUJ) slid down 0.21% this session.

That's it for the losers, though, so let's get to the green sectors. Leading the winners were communications stocks, with the S&P/ASX 200 Communication Services Index (ASX: XTJ) enjoying a 1.1% surge.

Consumer discretionary shares also ran hot. The S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) added 1.09% to its total this Thursday.

Financial shares proved popular as well. The S&P/ASX 200 Financials Index (ASX: XFJ) roared 0.88% higher.

Real estate investment trusts (REITs) fared half as well, evidenced by the S&P/ASX 200 A-REIT Index (ASX: XPJ)'s 0.44% bounce.

Healthcare stocks were right behind REITs. The S&P/ASX 200 Healthcare Index (ASX: XHJ) lifted 0.39% today.

Tech shares were in that ballpark as well, with the S&P/ASX 200 Information Technology Index (ASX: XIJ) advancing 0.38%.

Finally, industrial stocks had a lucky finish, illustrated by the S&P/ASX 200 Industrials Index (ASX: XNJ)'s 0.08% bump.

Top 10 ASX 200 shares countdown

This Thursday's index winner was financial stock AMP Ltd (ASX: AMP). AMP shares soared 9.83% higher today to close at $1.90 each.

This big jump followed a well-received earnings update from the company.

Here's how the other winners landed their planes: 

Our top 10 shares countdown is a recurring end-of-day summary that shows which companies made big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

After opening sharply lower at the start of morning trading, the ASX 200 did recover a little over the day. But it wasn't nearly enough to save investors from a loss. By the time trading finished, the index had lost 0.26% and closed at 8,762.5 points.

This depressing Thursday for the local markets came after a mixed night over on the US markets.

The Dow Jones Industrial Average Index (DJX: .DJI) wasn't in a good place, dropping 1.09%.

However, the tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) fared far better, rising 0.2%.

Let's get back to the local markets now and check out how today's tough trading conditions have percolated down into the various ASX sectors.

Winners and losers

Despite the market's bad mood this Thursday, there were plenty of sectors that were spared from a sell-down.

But first, it was mining stocks that got slammed the hardest today. The S&P/ASX 200 Materials Index (ASX: XMJ) ended up crashing 1.48% lower.

Gold shares had another rough one too, with the All Ordinaries Gold Index (ASX: XGD) tumbling 1.24%.

We can say the same for real estate investment trusts (REITs). The S&P/ASX 200 A-REIT Index (ASX: XPJ) sank 1.1% by the closing bell.

Financial stocks were a little better, though, as illustrated by the S&P/ASX 200 Financials Index (ASX: XFJ)'s 0.15% slip.

Turning to the green sectors now, energy shares had a blowout. The S&P/ASX 200 Energy Index (ASX: XEJ) ended up surging 1.67% higher.

Utilities stocks also ran hot, with the S&P/ASX 200 Utilities Index (ASX: XUJ) soaring 1.28%.

Consumer staples shares were solid. The S&P/ASX 200 Consumer Staples Index (ASX: XSJ) galloped 0.97% higher this session.

Tech stocks were in demand too, as you can see by the S&P/ASX 200 Information Technology Index (ASX: XIJ)'s 0.92% bounce.

Communications shares fared decently. The S&P/ASX 200 Communication Services Index (ASX: XTJ) added 0.89% to its total today.

As did consumer discretionary stocks, with the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) advancing 0.58%.

Healthcare shares stayed afloat. The S&P/ASX 200 Healthcare Index (ASX: XHJ) lifted 0.13% this Thursday.

Finally, industrial stocks got over the line, evident from the S&P/ASX 200 Industrials Index (ASX: XNJ)'s 0.12% bump.

Top 10 ASX 200 shares countdown

Today's top stock was building supplies company Fletcher Building Ltd (ASX: FBU). Fletcher shares rocketed 7.55% this session to $2.99 each.

This followed the stock releasing some updated earnings guidance, which investors clearly appreciated.

Here's how the other winners pulled up at the kerb: 

Our top 10 shares countdown is a recurring end-of-day summary that shows which companies made big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

At the time of writing, Fletcher Building is the best-performing stock on the S&P/ASX 200 Index (ASX: XJO). The shares are up around 7% this morning and changing hands at $2.97 a piece.

Today's uptick also follows a 1.5% increase in the company's share price at the close of the market on Wednesday afternoon.

It's been a great recovery story for the construction management company's shares over the past couple of months. The stock has now rebounded around 31% in value from a two-decade low recorded in late April.

Over the past month, Fletcher Building shares have climbed nearly 13% higher, and they're roughly 8% higher than 12 months ago. 

What is driving Fletcher Building shares higher today?

In a statement to the ASX ahead of the market open this morning, the company announced it has raised its full-year EBIT guidance by 6.4% to $400 to $403 million.

The company's FY26 EBIT from continuing operations (excluding property sales) has also been raised to $348 to $351 million, up around 3.6% from its mid-June guidance.

The company cited positive quarterly volumes across its core manufacturing and distribution segments. The increase was partly driven by customers bringing forward demand ahead of expected price increases.

Clearly, investors were thrilled with the update, and many have rushed to buy the shares today.

Fletcher Building is expected to announce its final FY26 financial results this earnings season in mid-August.

Can the shares keep climbing higher?

If the company can deliver, or even exceed, its latest guidance figures, I think the shares have a lot of potential to keep climbing higher in the near future.

It looks like analysts are relatively neutral on the stock, however.

At the time of writing, 6 of 13 analysts have a hold rating on the shares. Another four rate the shares as a buy or strong buy, and three rate the stock as a strong sell.

After today's price rally, the average $2.82 target price implies a potential 2% downside at the time of writing.

The range between the minimum and maximum is significant, though. Some forecast the shares to climb around 17% to $3.37 each. Meanwhile, others think the stock could fall as much as 53% to $1.355 a piece.

After today's announcement, it's possible we'll see some brokers revise their outlooks in the coming days. 

The post Why are Fletcher Building shares flying 7% higher today? appeared first on The Motley Fool Australia.

What did Fletcher Building report?

• FY26 EBIT guidance increased to $400–$403 million, including ~$52 million from surplus property sales
• FY26 EBIT from continuing operations (excluding property sales) now expected at $348–$351 million, up ~3.6% from mid-June guidance
• Light Building Materials division saw improved volumes, supported by procurement benefits and cost savings
• Iplex businesses in both NZ and Australia reported robust demand as customers accelerated purchases
• Distribution division's PlaceMakers Frame & Truss volumes rose 5.4% on Q3 and 12.8% year-on-year
• Residential units taken to profit in FY26 fell to 536, down from 666 in FY25

What else do investors need to know?

Fletcher Building's positive quarterly volumes across core manufacturing and distribution segments were partly driven by customers bringing forward demand, especially ahead of expected price increases. These temporary market dynamics are set to normalise in the first quarter of FY27, which could moderate near-term growth.

The company also finalised more details on the Laminex Cheltenham property sale in Australia, locking in expected EBIT gains and clarifying cost treatment in line with accounting best practices. From FY27, Fletcher Building will adopt an IFRS 18 compliant Income Statement, dropping "Significant Items" as a separate expense category for cleaner financial reporting.

What's next for Fletcher Building?

While existing construction projects continue to support demand in the near term, Fletcher Building cautions that persistent input cost uncertainty and macroeconomic pressures may mean delays or cancellations of new commercial projects. Management notes this could soften Group performance in the first half of FY27 if trends continue.

The company remains focused on operational improvements, productivity gains, and supply chain efficiencies across its divisions to help offset market challenges. Investors will watch closely to see whether ongoing momentum in civil and infrastructure demand can balance out slower residential and commercial activity.

Fletcher Building share price snapshot

Over the past 12 months, Fletcher Building shares have risen 1%, trailing the S&P/ASX 200 Index (ASX: XJO), which has risen 3% over the same period.

View Original Announcement

The post Fletcher Building lifts FY26 profit guidance as quarterly volumes rise appeared first on The Motley Fool Australia.

The S&P/ASX 200 Index (ASX: XJO) experienced a volatile, but ultimately pessimistic start to the trading week this Monday.

After last week's bleak end to the trading week, investors didn't come back from the weekend with a change of heart, it seems. Despite spending some time in green territory this morning, the ASX 200 ended up closing down 0.14% by the time the closing bell rang today.

That leaves the index at 8,816.1 points.

The American markets were closed on Friday night to honour the Juneteenth public holiday. Trading will resume tonight (our time), but for now, Wall Street's mildly positive performance from Thursday's session is still the latest data we have out from the 'States.

So let's cut to the chase now and take a look at what was happening amongst the different ASX sectors in today's tough trading conditions.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

What did Fletcher Building report?

• FY26 forecast EBIT: $375 million to $380 million, excluding discontinued operations
• Includes about $40 million of earnings from property sales
• Six recent divestments and property sales to deliver around $450 million in cash
• Net debt forecast to sit marginally above the mid-point of the $400–$900 million target range at 30 June 2026
• Moody's credit rating to be withdrawn following balance sheet improvements

What else do investors need to know?

Fletcher Building has completed or agreed to six asset sales since the start of 2026, including divestments of its New Zealand construction business and several properties in Australia. The transactions, expected to yield about $450 million in net cash, will help pay down debt and simplify operations.

Management spotlighted steady demand in ongoing construction projects, but rising fuel and input costs are causing delays and some cancellations—especially in commercial projects. Fletcher Building cautions these pressures may affect performance in the first half of FY27.

What's next for Fletcher Building?

The company is advancing its strategy to reduce debt and focus on core businesses after recent divestments. With a more stable and simplified capital structure, Fletcher Building aims to maintain investment-grade credit metrics, even after withdrawing its Moody's credit rating.

Looking ahead, the company will keep a close eye on volatile trading conditions and cost pressures, especially in the commercial construction sector. Fletcher Building expects subdued new project activity could affect performance into FY27 if current trends persist.

Fletcher Building share price snapshot

Over the past 12 months, Fletcher Building shares have declined 11%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 4% over the same period.

View Original Announcement

The post Fletcher Building tips stable FY26 as divestments strengthen balance sheet appeared first on The Motley Fool Australia.

What did Fletcher Building report?

• Sale of Construction Division to VINCI Construction is now unconditional
• Completion of transaction scheduled for 29 May 2026
• Purchase price increased from $315.6 million to around $334 million
• Revised price depends on working capital and net debt adjustments

What else do investors need to know?

The sale price rose as Higgins Contractors signed new Integrated Delivery Contracts covering East Waikato, Bay of Plenty, and Hawkes Bay regions. These additional contracts represent ongoing positive performance in the Construction Division prior to the sale.

Fletcher Building will continue to update shareholders as the transaction progresses towards completion. The divestment is aligned with Fletcher Building's broader strategy to streamline its business and focus on its core strengths.

What's next for Fletcher Building?

With the sale now unconditional, Fletcher Building will focus on finalising adjustments for working capital and net debt as part of settlement with VINCI Construction. The transaction's completion on 29 May 2026 will allow Fletcher Building to redeploy capital and sharpen its business focus across its remaining operations.

Investors may look for further updates regarding use of proceeds and any new strategic initiatives following the divestment.

Fletcher Building share price snapshot

Over the past 12 months, Fletcher Building shares have declined 19%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 3% over the same period.

View Original Announcement

The post Fletcher Building: Construction division sale now unconditional appeared first on The Motley Fool Australia.

That leaves the index at 8,630.8 points as we head into the weekend.

This disappointing end to the Australian trading week comes after a far more optimistic trading day on Wall Street last night.

The Dow Jones Industrial Average Index (DJX: .DJI) was in a jolly mood, gaining a healthy 0.75% and once again cruising over 50,000 points.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) was even more bullish, rising 0.88%.

Let's get back to ASX shares now and dig a little deeper into what was going on with the different ASX sectors this Friday.

Winners and losers

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

After falling for eight straight sessions in a row, the ASX 200 finally turned a corner today, with investors clearly deciding enough was enough. By the time trading wrapped up, the index had gained 0.74%, leaving it at 8,729.8 points as we head into the weekend.

This stellar end to the trading week for the local markets comes after a euphoric night on Wall Street.

The Dow Jones Industrial Average Index (DJX: .DJI) was off to the races, rising a confident 1.62%.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) was slightly less enthusiastic, but managed a respectable 0.89% jump regardless.

Let's return to the ASX now and examine how today's market optimism percolated down into the different ASX sectors this session.

Winners and losers

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

Four ASX shares that are falling more than most today are listed below. Here's why they are dropping:

29Metals Ltd (ASX: 29M)

The 29Metals share price is down 32% to 25.2 cents. Investors have been selling this copper producer's shares following the release of an update on its progress to reestablish mining at the Xantho Extended orebody at the Golden Grove operation in Western Australia. It advised that based on a new assessment, additional works to further reduce the risk of future potential production interruptions will be needed prior to recommencement of mining. And while there is no change to its copper production guidance for FY 2026, it has downgraded its guidance for zinc, gold, and silver materially.

DGL Group Ltd (ASX: DGL)

The DGL Group share price is down 25% to 40 cents. This has been driven by the release of the chemicals logistics and services supplier's half-year update. DGL Group reported a 5.8% decline in sales revenue to $225 million, a 5% decline in underlying EBITDA to $24.7 million, and a statutory loss after tax of $12.8 million. It notes that its revenue was impacted by ongoing scarcity in used lead acid batteries due to illegal exports.

Fletcher Building Ltd (ASX: FBU)

The Fletcher Building share price is down 1% to $2.44. This morning, the building products company released a quarterly sales update and revealed improvements in volumes. Fletcher Building's CEO, Andrew Reding, said: "Quarterly volumes for the March quarter continued to show early signs of improvement across the portfolio, with the important caveat that this quarter largely preceded the current geopolitical escalation." One negative was the company warning that the "overall impact of the Middle East crisis on the Group's financial performance, including for the FY26 year, cannot be ascertained with certainty at this time."

Newmont Corporation (ASX: NEM)

The Newmont share price is down 5% to $156.82. This is despite there being no news out of the gold miner today. However, it is worth noting that most ASX gold stocks are under pressure today. This has led to S&P/ASX All Ordinaries Gold index falling 2.15% this afternoon.

The post Why 29Metals, DGL, Fletcher Building, and Newmont shares are falling today appeared first on The Motley Fool Australia.

What did Fletcher Building report?

• Light Building Products volumes up versus both Q2 and prior corresponding period (pcp); Waipapa Pine volumes rose 16.5% vs pcp and Iplex NZ up 15.9% vs pcp
• Australian Light Building Products saw continued improvement, with Laminex AU, Iplex AU, and Fletcher Insulation all reporting positive trends
• Heavy Building Materials remained subdued; Winstone Aggregates down 10.4% vs pcp, Humes down 4.8% vs pcp, but some pockets of project-driven activity emerging
• Distribution saw Frame & Truss sales up 6.6% vs pcp, driven by increased building consents and market share gains
• Residential units taken to profit in Q3 were 93, 24% lower than pcp, mainly due to the timing of long-standing developments

What else do investors need to know?

The bulk of Fletcher Building's Q3 FY26 results reflect trading before the recent escalation in Middle East conflict, which has since heightened geopolitical risk in supply chains, energy, and freight. Management is actively monitoring impact risks and has already secured short-term supply for plastics and fuel, while exploring sourcing diversification and pricing adjustments where needed.

Input cost pressures remain a challenge, with plastic-related price increases up to 36% and fuel-linked surcharges introduced to offset higher costs. Early signs of softening demand have started to appear, particularly through project delays and cautious customer behaviour, though direct impacts to staff and operations have been limited so far.

What did Fletcher Building management say?

Managing Director and Chief Executive Officer Andrew Reding said:

Quarterly volumes for the March quarter continued to show early signs of improvement across the portfolio, with the important caveat that this quarter largely preceded the current geopolitical escalation. Light Building Products benefited from improved Alterations & Additions (A&A) activity in New Zealand and a broad-based uplift in Australia. Heavy Building Materials remains subdued overall, although we're seeing pockets of activity tied to project work. Distribution, particularly frame & truss, continues to show steady improvement as underlying demand gradually returns. As was the case in prior quarters, trading conditions remained competitive, with ongoing margin pressure and compression continuing across business units and most notably in the Distribution division, Firth and the Steel business units.

What's next for Fletcher Building?

Looking ahead, the company's near-term performance will depend on the continued evolution of global events, particularly through supply chain costs and construction sector demand. Management has flagged uncertainty, but says Fletcher Building is focused on agile planning and prudent risk responses.

The business remains committed to maintaining supply continuity, protecting cash flow, and leveraging its strong balance sheet to manage through any prolonged market volatility. Investors should watch for further updates as the full impacts of geopolitical disruptions become clearer.

Fletcher Building share price snapshot

Over the past 12 months, Fletcher Building shares have declined 17%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 16% over the same period.

View Original Announcement

The post Fletcher Building posts positive Q3 volumes amid new global risks appeared first on The Motley Fool Australia.

Today, 307 ASX shares are rising, 48 are steady, and 145 are falling.

Among the fallers are these four companies that have hit 52-week low share prices today.

Are they a buy, hold, or sell?

Let's ask the experts.

Fletcher Building Ltd (ASX: FBU)

The Fletcher Building share price fell to a 52-week low of $2.42 on Tuesday.

This ASX industrials share is down 21% in the year to date (YTD), and down 17% over the past 12 months.

On The Bull this week, Blake Halligan from Catapult Wealth revealed a sell rating on the building materials and services provider.

He said the 1H FY26 report "highlighted ongoing pressure", with net debt remaining elevated and the company cutting capital expenditure.

Halligan said:

Earnings before interest and tax from continuing operations before significant items was $NZ145 million, which was marginally below expectations. The company has announced the sale of its construction division for $NZ315.6 million.

However, broader conditions in New Zealand remain subdued, and a meaningful earnings recovery isn't expected until calendar year 2027. With limited catalysts and no dividend support, better opportunities present elsewhere.

Guzman Y Gomez Ltd (ASX: GYG) 

The Guzman Y Gomez share price sank to a record low of $15.48 in earlier trading.

The ASX consumer discretionary share has fallen 26% YTD and tumbled 50% over 12 months.

Morgans has a buy rating on the stock but recently slashed its 12-month price target from $32.30 to $24.

The broker said:

If it was just about Australia, GYG would be doing just fine right now. But it's not just about Australia.

Unfortunately, the pace of network expansion in the US so far has been pedestrian and the restaurants it has opened have lost more money than expected.

GYG has a bit to prove, but we can be certain it is going to give it all it's got to ultimately realise its growth ambitions.

Endeavour Group Ltd (ASX: EDV)

The Endeavour share price fell to a record low of $3.28 today.

Endeavour shares have declined 10% YTD and have fallen 14% over the past 12 months.

Last week, Citi downgraded the ASX consumer staples share to a hold rating.

The broker also reduced its 12-month price target from $4.30 to $3.70.

Healius Ltd (ASX: HLS)

The Healius share price dropped to a record low of 52 cents today.

This ASX healthcare share has crashed 42% in the YTD and 63% over 12 months.

Healius is one of many ASX healthcare shares trading at multi-year lows today.

The sector is facing multiple headwinds due to currency shifts, US tariffs, and higher labour costs and other expenses.

Healius, a pathology services provider, reported improved financial metrics but continuing losses overall in its 1H FY26 report.

The company reported an underlying loss of $11 million for 1H FY26, which was an improvement on its $20.2 million loss for 1H FY25.

Morgans has a hold rating on Healius shares with a 12-month target of 80 cents.

The broker commented:

While management maintained FY26 earnings in line with consensus and operational discipline is improving, sustainable earnings leverage remains an open question and dependent on execution.

The post 4 ASX shares at 52-week lows: Buy, hold, or sell? appeared first on The Motley Fool Australia.

At the time of writing, the Fletcher share price is up 1.38% to $2.95.

This comes despite weakness in the broader market. The S&P/ASX 200 Index (ASX: XJO) is currently down 1.32% as investors react to escalating conflict in the Middle East.

Here's what the company announced.

Higgins secures 10-year road maintenance contracts

According to the release, Fletcher announced that its subsidiary, Higgins Contractors, has officially signed major road maintenance contracts with New Zealand's transport authority.

The contracts cover the East Waikato, Bay of Plenty, and Hawke's Bay regions. Each agreement runs for 10 years, starting from April 2026.

Higgins had previously been named as the preferred contractor in December 2025. However, the agreements have now been formally signed and locked in.

Managing Director and Chief Executive Officer Andrew Reding said the agreements are an important milestone for Higgins and provide a strong platform for the next decade.

The company also reminded investors that it has entered into a binding agreement to sell its Construction Division to VINCI Construction. The final purchase price could change depending on the outcome of key contract negotiations.

Fletcher and VINCI are still working through the details and will update the market separately.

What does Fletcher actually do?

Fletcher is one of New Zealand's largest building materials and construction companies.

It operates across New Zealand and Australia. The business makes and supplies building products such as plasterboard, insulation, roofing, piping, and concrete. It also runs trade and retail distribution businesses that supply builders and tradespeople.

Through subsidiaries like Fletcher Construction and Higgins, the group also works on large infrastructure and construction projects.

In recent years, management has reviewed the business and explored selling non-core divisions to streamline operations and strengthen financial performance.

Foolish Takeaway

Fletcher has faced a challenging period, with pressure on earnings and margins in its recent financial results. The share price has also been volatile over the past year, trading between roughly $2.64 and $3.44.

The modest share price gain reflects investor support for the long-term nature of the new road maintenance contracts. Government-backed work that runs for a decade can provide more stable and predictable revenue.

The company is still progressing broader restructuring efforts, and investors will be watching for updates on the proposed sale of the Construction Division.

Any progress on asset sales and restructuring will likely remain a key driver of sentiment this year.

Fletcher shares are outperforming the wider market in what has been a weak session for the ASX.

The post Fletcher Building shares lift as ASX 200 slides. Here's why appeared first on The Motley Fool Australia.

What did Fletcher Building report?

• Revenue from continuing operations: $2,866 million, largely steady on the prior period
• EBIT before Significant Items: $145 million (5.1% margin, matching last year)
• Net profit after tax from continuing operations: $45 million (up from a $88 million loss last year)
• Net loss after tax including discontinued operations: $11 million
• Net cash from operating activities: $156 million (up from $87 million)
• Net debt: $1,164 million, below internal targets
• No interim dividend declared

What else do investors need to know?

Fletcher Building is in the midst of shrinking and reshaping its business, including a major step: the $315.6 million sale of its Construction division, expected to complete in the first quarter of FY27. This is a significant milestone in shifting the company's focus to building product manufacturing and distribution.

Ongoing portfolio simplification, tight cost control, and better operational execution kept results steady, despite subdued market conditions across New Zealand and Australia. The business also maintained around $800 million in available liquidity, supporting its financial flexibility through choppy times.

The half-year brought additional provisions and legal costs for legacy construction and Australian plumbing matters, but disciplined capital management led to lower net debt and improved working capital performance.

What did Fletcher Building management say?

Managing Director and CEO Andrew Reding commented:

The first half of FY26 was another demanding period for the building industry, with subdued markets across New Zealand and Australia. Conditions differed between a particularly weak first quarter and a more stable second quarter. In that environment, our core manufacturing businesses held up well, supported by disciplined cost control and better operational execution. Just as importantly, we continued to make real progress on our strategy around simplifying the Group, strengthening the balance sheet, and embedding a decentralised operating model that improves accountability and performance.

What's next for Fletcher Building?

Looking ahead, Fletcher expects market conditions in New Zealand to remain soft through the rest of FY26, with no strong recovery likely before calendar 2027. Australia is seeing early signs of market stabilisation, but conditions remain patchy.

The company believes actions already taken—especially around cost, portfolio simplification, and capital discipline—should support better performance as markets recover. There's no interim dividend for this half, with payout plans on hold until debt reduction targets are reached. The focus for now remains on completing asset sales, progressing strategy, and managing volatility.

Fletcher Building share price snapshot

Over the past 12 months, Fletcher Building shares have risen 4%, slightly trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 6% over the same period.

View Original Announcement

The post Fletcher Building shares steady on half-year results and construction exit appeared first on The Motley Fool Australia.

What did Fletcher Building report?

• Sale of Construction Division for $315.6 million, with additional contingent consideration of up to $18.5 million
• Transaction includes Higgins, Brian Perry Civil, and Fletcher Construction Major Projects
• Approximately 2,300 employees to transfer to VINCI Construction
• Fletcher Building to retain legacy project responsibilities and set aside provisions of $55 million to $65 million for future claims
• Completion subject to regulatory approvals, with expected finish before end of calendar 2026

What else do investors need to know?

The transaction marks a strategic shift for Fletcher Building, narrowing its focus to its core building products manufacturing and distribution businesses. The move is designed to simplify its portfolio, lower debt, and aim for better returns to shareholders.

Fletcher Building will continue to handle responsibilities tied to legacy construction projects, notably the New Zealand International Convention Centre, and operations in the South Pacific, which are part of a separate review. Provisions for future claims highlight ongoing obligations related to past contracts.

What did Fletcher Building management say?

Managing Director and CEO Andrew Reding said:

Over the past year we have been clear that Fletcher Building's future lies in being a focused building products manufacturer and distributor, supported by a strong balance sheet and disciplined capital allocation. The sale of Fletcher Construction is a significant step forward in delivering that strategy, while continuing the work underway to simplify the portfolio, lower debt and improve shareholder returns.

What's next for Fletcher Building?

Fletcher Building expects the sale to be completed before the end of calendar 2026, after receiving regulatory and other key approvals. The company will look to redeploy proceeds into its core operations and further strengthen its financial position.

The board's ongoing review of South Pacific operations and continued management of historic legal and project responsibilities will also be in focus. Investors can watch for updates as Fletcher Building executes its simplified strategy in the coming year.

Fletcher Building share price snapshot

Over the past 12 months, Fletcher Building shares have risen 24%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 6% over the same period.

View Original Announcement

The post Fletcher Building sells Construction Division to VINCI for $315.6 million appeared first on The Motley Fool Australia.

What did Fletcher Building report?

• Light Building Products volumes mostly flat or higher than Q1 and prior corresponding period (pcp); Waipapa up 4.0% on Q1 and 23.4% on pcp
• Iplex NZ volumes rose 3.7% versus Q1 and 15.1% on pcp
• Heavy Building Materials volumes contracted: Winstone Aggregates down 2.7% on Q1 and 8.4% lower on pcp
• Distribution's PlaceMakers Frame & Truss volumes 3.1% up on Q1 and 4.8% higher than pcp, but margins under pressure
• Residential division took 135 units to profit, down 24.1% compared to Q2 FY25

What else do investors need to know?

Fletcher Building noted some encouraging signs, with Light Building Products showing improvement and margins remaining generally stable across that division. However, margin compression continued to challenge the Group, particularly in Distribution and Steel businesses, as trading conditions stayed highly competitive.

Heavy Building Materials divisions, such as Winstone Aggregates and Humes, delivered further volume declines due to weak demand in roading and larger projects, offset slightly by more stable volumes in Firth and Golden Bay. In Australia, sales trends were generally positive within Light Building Products.

What did Fletcher Building management say?

Andrew Reding, Managing Director and Chief Executive Officer, commented:

Quarterly volumes showed modest improvement compared with Q1 FY26, with some encouraging signs emerging across the portfolio. That said, these gains are yet to be sustained and, on their own, are not enough to offset the impact of the earlier declines.

What's next for Fletcher Building?

Fletcher Building remains cautious about the near-term outlook, flagging continued margin pressures from competitive conditions and only partial recovery in sales volumes so far. Management expects that any significant recovery in demand will take time, with the company not counting on a meaningful volume recovery until calendar year 2027.

The Group plans to continue navigating tough market settings by maintaining discipline on cost and margin management, while looking for opportunities to benefit from broader economic improvements as they emerge.

Fletcher Building share price snapshot

Over the past 12 months, Fletcher Building shares have risen 29%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 7% over the same period.

View Original Announcement

The post Fletcher Building Q2 volume update: Key results and outlook appeared first on The Motley Fool Australia.